On the first day of Japanese PM Shinzo Abe’s tour of India, during which he will inaugurate the host country’s first Bullet Train, China began canvassing for the sale of its high-speed trains to India.
“China is pleased to see the infrastructure cooperation among regional countries including on high-speed railway, and we stand ready to promote cooperation with India and other regional countries to promote regional development,” Chinese foreign ministry spokesman Geng Shuang said on Wednesday .
Japan and China are competing for contracts for high-speed railway business in India, though there are questions on whether India needs high or medium-speed trains to meet their economic returns. There are also issues about exorbitant costs involved, and the inability of ordinary passengers to afford expensive tickets. Read More…
Latest posts by The Times Of India (see all)
- Discoms approach regulatory panel to collect Rs 15,000 crore true-up charges - August 21, 2019
- Russia delivers equipment for Kudankulam nuclear plant’s third unit - August 19, 2019
- Defiant Iran prepares for oil tanker to leave Gibraltar with Indian crew - August 18, 2019